Midstream & Transport Monitor - December 11, 2015

Pipeline giant Kinder Morgan Inc. said Dec. 8 it would slash dividends by 75% to 50 cents in a move that frees up $3.9 billion a year of cash flow and likely keeps the company away from the equity markets in 2016-17. Kinder Morgan’s decision to shrink dividends may open the door for “the entire sector to do the same,” according to Tudor, Pickering, Holt & Co. in a Dec. 9 report.